META

Alert

Funding spread now, next payment 19:00 UTC+0.0096%/8h

paid, last 24h+0.020%paid, last 3 days+0.013%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex METAUSDT	742.58	0	get 0.0000% / 4h	1h 48m	$2.0M	$6K	10x
Short	Hotstuff META-PERP	741.98	0.0096	get 0.0012% / 1h	48m 17s	$33K	$105	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee HotstuffbpOrdersRate

Funding earned: $20.16
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $3.16
Break-even: 5.9 days

Slippage unknown: Phemex: live order book, 1 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.081%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 1 min ago	2.09 bp	48.6 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado META-PERP	−0.0020%	1h	$392K	$173K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$389K	$265K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$550K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$26.8M	$142.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.9M	$10.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$11.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	$340K	$4.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$5.7M	$9.0M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.5M	$2.2M	—	as long as short
Phoenix META	0.0000%	1h	$274K	$618K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	$888	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$28K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	$105K	$279K	30x	as long as short
Phemex METAUSDTlong	0.0000%	4h	$2.0M	$6K	10x
QFEX META-USD	+0.0026%	1h	$2.0M	$10.9M	10x	as long as short
BloFin META-USDT	+0.0027%	8h	$331K	$957K	20x	as long as short
Lighter META	+0.0032%	1h	$854K	$2.4M	20x	as long as short
Lighter RH META	+0.0032%	1h	$695K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$172K	$185K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$633K	$6.3M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$71.3M	$73.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$671K	$520K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$737K	$3.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Hotstuff META-PERPshort	+0.0096%	1h	$33K	$105	20x
KuCoin METAUSDTM	+0.0100%	8h	$1.6M	$274K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Aevo META-PERP	+0.0104%	1h	$267	—	10x	as long as short
edgeX METAUSDC	+0.0209%	4h	$62K	$327K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$169K	$76K	30x	as long as short
Aftermath Perps METAUSD	+0.0298%	1h	$44K	$46K	10x	as long as short
Arcus META-USD	+0.0478%	1h	$269K	$302K	10x	as long as short